---
schema_version: "secwatch.filing_event.v1"
accession: "0001803599-23-000159"
form_type: "8-K"
ticker: "CNXC"
cik: "0001803599"
company_name: "Concentrix Corp"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:50:24.319139+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Concentrix receives demand letters over Webhelp proxy; amends deal structure with restricted shares

## Summary
- Seven stockholder demand letters allege proxy omitted material info on transaction; company says demands are without merit.
- Amendment to acquisition agreement adds vendor notes for OD Sellers and Jousset, and restricted shares in lieu of earnout shares for certain sellers.
- Restricted shares subject to same $170/share price trigger and 7-year period as earnout shares; max 100,000 restricted shares issuable.
- GBL Sellers, Jousset, and OD Sellers elect to keep earnout shares; other sellers may choose restricted shares.
- Total consideration unchanged: €500M cash, €700M seller's note, 14.86M new shares, and vendor loans.

## SEC filing metadata
- accession: 0001803599-23-000159
- form_type: 8-K
- ticker: CNXC
- cik: 0001803599
- company_name: Concentrix Corp
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000159/0001803599-23-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000159/cnxc-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803599-23-000159
- JSON: https://secwatch.observer/filing/0001803599-23-000159.json
- Plain text: https://secwatch.observer/filing/0001803599-23-000159.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.